Friday’s proposal, which particulars how regulated corporations should solely put buyer belongings into an expanded listing of essentially the most liquid of investments, does not contemplate “the context of a non-intermediated clearing mannequin the place the DCO presents direct consumer entry to its clearing companies, with out the FCM as an middleman,” mentioned CFTC Commissioner Kristin Johnson.
Ex-FTX Unit LedgerX in Grey Space Past U.S. CFTC Proposal on Buyer Funds: Commissioner
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